Ad

Tax Inverters Using Loophole Of Inversion Are Costing $20 billion over the next decade

Sep. 27 Economy, World Comments

Tax Inverters, Using Loophole Of Inversion, Are Costing $20 billion over the next decade Which is Creating Hurdles In Expansion Of Middle Class So Companies Should Follow The Treasury Rules Of U S A .
That’s why, earlier this week, the Treasury Department took initial steps to prevent U.S. corporations from using a tax maneuver to avoid paying taxes in America.
White House Bloggers Says This loophole — known as an “inversion” — lets a company avoid taxes by relocating their tax residence overseas while changing very little else about its operations or business.
And it’s costing Americans nearly $20 billion over the next decade — critical dollars that could grow and expand the middle class.
Take a look at why we are taking action to close the inversion tax loophole

Tags: , ,